About PoolTogether
PoolTogether is a prize savings protocol, and currently has prize pools on the Arbitrum, Optimism, and Base networks, supporting deposits in tokens such as USDT, USDC, and WETH.
Taking the USDC prize pool as an example, participants deposit USDC into PoolTogether's smart contract, and the deposited funds are automatically transferred to AAVE (a decentralized lending protocol). Participants receive a corresponding number of lottery tickets—the more USDC they deposit, the more tickets they receive, and the greater their chances of winning.
The interest for the prize pool comes from the deposit interest at AAVE. Winners receive the accumulated interest from the corresponding pool. Those who do not win do not lose their principal and can redeem it at any time. Hence, it is called a "No-Loss Lottery."
PoolTogether is one of the earliest and most widely used DeFi (Decentralized Finance) DApps, having been in operation for over four years. Since its inception, the protocol has distributed over $10 million in prizes. To date, the luckiest winner had deposited $74 and won over $40,000.
Learn More:
How to Interact with PoolTogether
1. Open the Optimism account in imToken, search for PoolTogether on the "Browser" page and open it.
2. Click on "Deposit to Win," find the USDC prize pool for Optimism in the list, and click "Deposit."
3. Enter the amount of USDC you want to deposit, click "Review Deposit" to preview the order, and then click "Confirm Deposit".
Tips:
- You can complete tasks in the Galxe's imToken section to receive NFT rewards.
- Deposit at least 10 USDC on Optimism for more than 7 days to earn 15% APY (returns will be issued in the form of OP tokens). Switch to the "Account" page in PoolTogether, click "Claim OP" under "Bonus Rewards" to receive your OP rewards.
Risk Warning: The content of this article does not constitute any form of investment advice or recommendation. imToken does not make any guarantees and promises for the third-party services and products mentioned in this article, nor assume any responsibility. Digital asset investment has risks. You should carefully evaluate these investment risks and consult with relevant professionals to make your own decisions.